Will the US inflation rate for 2022 be lower than 6.8% ?
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resolved Jan 16
Resolved
YES
As measured by the Consumer Price Index (CPI). 6.8% is the inflation rate for 2021.
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predicted NO

CPI inflation for 2022 was 6.5%. Bureau of Labor Statistics

  • Consumer Price Index

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predicted YES

@BruceGrugett resolution please?

bought αΉ€20 of YES

6.5%, resolves YES

https://www.bls.gov/news.release/cpi.nr0.htm

bought αΉ€100 of YES

Consensus expectation is 6.5%:

https://tradingeconomics.com/united-states/inflation-cpi

predicted YES

Cleveland Fed inflation nowcast is for 6.64%:

https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting

predicted NO

Here is some interesting data: https://www.bls.gov/news.release/cpi.nr0.htm

predicted NO

The inflation rate for December won't be published until Jan 12, so I won't resolve until then. For the 12 months ending in November the rate was 7.1% according to the US Labor Department.

I'm not sure what version of the CPI you're using for this question. The CPI is typically quoted without seasonal adjustment, and without seasonal adjustment, the change in the CPI-U for the 12-month period ending Dec 2021 was 7.0%.
https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm
https://www.bls.gov/opub/ted/2022/consumer-price-index-2021-in-review.htm

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